Will Dubai Water Canal become the new Billionaires’ Row?

Is Dubai Water Canal a new destination for wealthy investors?

The apartments are part of the Mr. C Residences Jumeirah, where one transaction cost more than 120 million dirhams (or $32.7 million), which is seen as a sign that the demand for investment in luxury real estate in Dubai will continue to grow until 2023.

The identity of the buyer has not been made public.

The purchase was made at a time when market indicators indicate the possibility of other attractive deals worth more than 100 million dirhams in the coming weeks. In 2022, a record number of transactions were concluded in the super-premium real estate sector, while the cost of the most expensive villas exceeded 300 million dirhams. Real estate transactions were also made, the amount of which exceeded 600 million dirhams.